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Oil, Gas, And Fracking News Read 09May 2021


The natural gas storage report from the EIA for the week ending April 30th indicated that the amount of natural gas held in underground storage in the US rose by 60 billion cubic feet to 1,958 billion cubic feet by the end of the week, which left our gas supplies 345 billion cubic feet, or 15.0% below the 2,303 billion cubic feet that were in storage on April 30th of last year, and 61 billion cubic feet, or 3.0% below the five-year average of 2,019 billion cubic feet of natural gas that have been in storage as of the 30th of April in recent years..the 60 billion cubic feet that were added to US natural gas storage this week was more than the average forecast of a 51 billion cubic foot addition from an S&P Global Platts survey of analysts, but was well below the average addition of 81 billion cubic feet of natural gas that have typically been injected into natural gas storage during the same week over the past 5 years, as well as well below the 103 billion cubic feet added to natur ....

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BLM cancels oil and gas leases for second quarter of 2021. New Mexico could lose millions


BLM cancels oil and gas leases for second quarter of 2021. New Mexico could lose millions
Adrian Hedden, Carlsbad Current-Argus
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Without sales of New Mexico federal land to the oil and gas industry, the state could lose out on tens of millions in revenue every three months.
The Bureau of Land Management, a sub-agency of the U.S. Department of the Interior, announced it would not hold any oil and gas land lease sales during the second quarter of 2021 as the DOI was amidst a review and potential overall of the federal government’s oil and gas program. ....

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